180 Wealth Advisors LLC lifted its position in KB Home (NYSE:KBH – Get Rating) by 4.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,263 shares of the construction company's stock after buying an additional 442 shares during the quarter. 180 Wealth Advisors LLC's holdings in KB Home were worth $350,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of KBH. Janus Henderson Group PLC acquired a new position in KB Home in the 3rd quarter valued at about $387,000. Captrust Financial Advisors grew its holdings in shares of KB Home by 42.3% in the third quarter. Captrust Financial Advisors now owns 7,263 shares of the construction company's stock valued at $283,000 after purchasing an additional 2,160 shares in the last quarter. Moors & Cabot Inc. purchased a new stake in KB Home during the 3rd quarter worth approximately $127,000. UBS Asset Management Americas Inc. lifted its holdings in KB Home by 1.5% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 103,264 shares of the construction company's stock worth $4,019,000 after buying an additional 1,504 shares in the last quarter. Finally, Stonnington Group LLC purchased a new position in KB Home in the 4th quarter valued at approximately $236,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.
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NYSE KBH opened at $30.57 on Wednesday. The company has a fifty day moving average of $31.50 and a two-hundred day moving average of $36.13. The company has a market capitalization of $2.71 billion, a PE ratio of 4.19, a P/E/G ratio of 0.46 and a beta of 1.62. KB Home has a 1 year low of $24.78 and a 1 year high of $50.20. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.10 and a quick ratio of 0.47.
KB Home (NYSE:KBH – Get Rating) last posted its earnings results on Wednesday, June 22nd. The construction company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.35. KB Home had a return on equity of 21.92% and a net
margin of 10.69%. During the same period in the prior year, the company posted $1.50 earnings per share. On average, research analysts expect that KB Home will post 10.26 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 19th. Stockholders of record on Thursday, May 5th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Wednesday, May 4th. KB Home's payout ratio is currently 8.22%.
A number of research firms recently issued reports on KBH. KeyCorp decreased their target price on KB Home from $38.00 to $30.00 and set an "underweight" rating for the company in a report on Tuesday, March 15th. Wolfe Research cut KB Home from a "market perform" rating to an "underperform" rating and set a $28.00 price objective for the company. in a research note on Friday, May 13th. Wells Fargo & Company lowered their price objective on KB Home from $40.00 to $31.00 and set an "overweight" rating for the company in a research report on Friday, June 17th. Wedbush reduced their target price on shares of KB Home from $73.00 to $60.00 and set an "outperform" rating on the stock in a report on Thursday, June 23rd. Finally, UBS Group lowered their price target on shares of KB Home from $66.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, June 16th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.29.
KB Home Company Profile (Get Rating)
KB Home operates as a homebuilding company in the United States. It operates through four segments: West Coast, Southwest, Central, and Southeast. It builds and sells various homes, including attached and detached single-family residential homes, townhomes, and condominiums primarily for first-time, first move-up, second move-up, and active adult homebuyers.
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